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Futures off: Dow 0.17%, S&P 500 0.20%, Nasdaq 0.21%
Jan 24 (Reuters) - U.S. stock index futures dipped on
Friday, as uncertainty about President Donald Trump's trade
policies prevailed, while investors also awaited data and
corporate earnings reports that could throw light on the state
of the economy.
At 5:47 a.m. ET, Dow E-minis were down 78 points,
or 0.17%, S&P 500 E-minis were down 12 points, or 0.20%
and Nasdaq 100 E-minis were down 46.5 points, or 0.21%.
Tariffs are high on investors' minds after Trump referred to
the policies multiple times at separate events this week but did
little to lay out entire details of the surcharges he plans to
impose on trade partners of the United States.
The president has said tariffs on Mexico, Canada, China and
the European Union could be announced on Feb. 1, but analysts
say major plans could be announced on April 1 - the date by when
federal agencies are expected to complete reviews of a range of
trade issues.
Investors are concerned that tariffs could spark a global
trade war, add to inflation pressures and slow the pace of
interest rate cuts by the Federal Reserve. The central bank is
expected to leave interest rates unchanged next week at its
first policy meeting of the year.
Later in the day, markets will assess a preliminary private
survey on manufacturing and services activity for January and
the University of Michigan's final estimate on consumer
sentiment.
In premarket trading, Boeing ( BA ) lost 1.7% after warning
that it expects a fourth-quarter loss of about $4 billion to
close a year marred by a production quality crisis, stricter
regulatory scrutiny, supply chain delays and a crippling strike
by West Coast factory workers. The airplane maker is expected to
report quarterly results on Tuesday.
The stock is up about 1% in January after logging its
biggest annual decline since the pandemic in 2024.
Quarterly earnings reports from Verizon, American
Express ( AXP ) and NextEra Energy are due before
markets open.
Investors were also taking a pause after the benchmark S&P
500 closed Thursday's session at a record high for the
second time in over a month after Trump called for taxes, oil
prices and interest rates to be lowered at the World Economic
Forum in Davos, Switzerland.
On a weekly basis, Wall Street's main indexes are set for
their second straight week of advances, with the blue-chip Dow
on track for its biggest weekly jump since October 2022,
aided by Trump's artificial intelligence investment plans, signs
of cooling inflation and robust earnings from big banks in the
previous week.
Among others, Texas Instruments ( TXN ) dropped 4.9% after
forecasting first-quarter profit below analysts' estimates, as
the analog chipmaker grapples with an inventory buildup in its
key automotive and industrial markets.
The following week will see quarterly reports from megacaps
such as Microsoft ( MSFT ), Meta, Apple ( AAPL ) and
Tesla. The companies' stocks were flat to marginally
higher.
U.S.-listed shares of Chinese companies such as JD.Com
rose 3.1%, Xpeng added 2.9% and Alibaba
climbed 1.1% after Trump suggested in an interview that tariffs
against China could be avoided.